How Is Phillips 66's Stock Performance Compared to Other Oil Refiners Stocks?

How Is Phillips 66's Stock Performance Compared to Other Oil Refiners Stocks?

Mon, September 7, 2026 at 5:25 PM GMT+3 2 min read

• PSX +1.59%

Phillips 66 (PSX), headquartered in Houston, Texas, operates as an energy manufacturing and logistics company. With a market cap of $101.8 billion, the company's operations include oil refining, marketing, and transportation along with chemical manufacturing and power generation.

Companies worth $10 billion or more are generally described as "large-cap stocks," and PSX fits right into that category with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the oil & gas refining & marketing industry. PSX excels in the refining industry with a 1.9 million barrels per day capacity, driven by strategic marketing and a strong network of 1,390 brand-licensing agreements. With a focus on sustainability, PSX's transition to renewable diesel production in Rodeo, California, positions it for long-term success in the evolving energy landscape.

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Despite its notable strength, PSX slipped 2.1% from its 52-week high of $260.68, achieved on Sep. 3. Over the past three months, PSX stock gained 38.5%, outperforming the VanEck Oil Refiners ETF's (CRAK) 27.6% gains during the same time frame.

Shares of PSX rose 97.7% on a YTD basis and climbed 93.9% over the past 52 weeks, outperforming CRAK's YTD 69.6% gains and 79.4% returns over the last year.

To confirm the bullish trend, PSX has been trading above its 50-day and 200-day moving averages over the past year, with some fluctuations.

PSX has outperformed primarily due to exceptional operational execution and refining strength, highlighted by four consecutive quarters of strong positive earnings surprises. This financial momentum has been bolstered by recovering chemical segment profit margins, favorable renewable fuels volume policies, and aggressive shareholder returns via dividends and share buybacks, driving substantial upward analyst revisions and investor demand.

On Aug. 5, PSX shares closed down by 1.6% after reporting its Q2 results. Its adjusted EPS of $9.41 exceeded Wall Street expectations of $7.68. The company's revenue was $52 billion, surpassing Wall Street forecasts of $36.2 billion.

In the competitive arena of oil & gas refining & marketing, Marathon Petroleum Corporation (MPC) has taken the lead over PSX, showing resilience with a 139.1% uptick on a YTD basis and 117.3% returns over the past 52 weeks.

Wall Street analysts are reasonably bullish on PSX's prospects. The stock has a consensus "Moderate Buy" rating from the 20 analysts covering it. While PSX currently trades above its mean price target of $236.60, the Street-high price target of $335 suggests a notable 31.3% upside potential.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com